Real Estate Glossary

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Definitions of Mortgage Insurance Premiums(MIPs)

  • Mortgage Insurance Premiums (MIPs) are fees by borrowers of an FHA loan in order to obtain the loan. MIPs can be both up-front and annual. This is often confused with PMI or Private Mortgage Insurance. This definition of Mortgage Insurance Premiums(MIPs) contributed by indy-realtor.

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Related Terms

FHA Loan
Loan
Mortgage